... permitted under the law, to interfere with the pricing of insurance products. But we have a duty under the Insurance Companies Ordinance to ensure the long term stability of the insurance industry and protect the interest of policyholders. Wide fluctuation of premium is certainly not in the interest of...

... permitted under the law, to interfere with the pricing of insurance products. But we have a duty under the Insurance Companies Ordinance to ensure the long term stability of the insurance industry and protect the interest of policyholders. Wide fluctuation of premium is certainly not in the interest of...

... permitted under the law, to interfere with the pricing of insurance products. But we have a duty under the Insurance Companies Ordinance to ensure the long term stability of the insurance industry and protect the interest of policyholders. Wide fluctuation of premium is certainly not in the interest of...

... permitted under the law, to interfere with the pricing of insurance products. But we have a duty under the Insurance Companies Ordinance to ensure the long term stability of the insurance industry and protect the interest of policyholders. Wide fluctuation of premium is certainly not in the interest of...

... (appointed by policyholders) and the cap was introduced in the 1990s in order to underpin this distinction which gives rise to different responsibilities and requirements (including the requirement for brokers to comply with minimum capital requirements, procure minimum levels of professional indemnity...

... product and marketing documents have been provided to the prospective applicant before fulfilment; and iv. To ensure that the sales process for the purchase of an ILAS product has been done in the correct order, with an FNA and RPQ at the heart of the process. 3 Effective date Member Companies which sell...

... the correct order, with an FNA and RPQ at the heart of the process. 3 Effective date Member Companies which sell ILAS products are required to implement the Requirements as soon as practicable and in any event no later than 1 January 2015. 4 Requirements 4.1 Proper Sales Process The intermediary must...

... or those who may not be able to make independent investment decisions on complex investment products, particularly products with long maturity periods or which attract heavy penalties on early redemption or withdrawal. The treatment of customers choosing to deviate in any respect from the RPQ process...

... are not in order. Way Forward Bancassurers should acknowledge the above challenges which are common in bank-insurance operations. While the issues could be differently resolved depending on the strategy and culture of an organization, the following mega-trends may shed light on the future direction of...